Suntrust Robinson Humphrey Upgrades Marriott to “Buy” (MAR)

On Wednesday analysts at Suntrust Robinson Humphrey upgraded Marriott International, Inc. (MAR) due to an upside to the current share value of the hotel operator.

The analysts upgrading MAR from “Neutral” to “Buy” with a price target of $45. The valuation is a +21% upside to Monday’s closing price of $37.27.

Marriott shares were up 73 cents, or +1.96%, in premarket trading on Wednesday.

The Bottom Line
Shares of Marriott International (MAR) have a 1.40% dividend yield, based on Monday’s closing stock price of $37.27. The stock has technical support in the $34 price area. If the shares can firm up, we see overhead resistance around the $40-$42 price levels.

Marriott International, Inc. (MAR) is not recommended at this time, holding a DARS™ Rating of 3.3 out of 5 stars.

Be sure to visit our complete recommended list of the Best Dividend Stocks, as well as a detailed explanation of our ratings system here.

Stock Market XML and JSON Data API provided by FinancialContent Services, Inc.
Nasdaq quotes delayed at least 15 minutes, all others at least 20 minutes.
Markets are closed on certain holidays. Stock Market Holiday List
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.
Press Release Service provided by PRConnect.
Stock quotes supplied by Six Financial
Postage Rates Bots go here